_____ is an implicit cost of production
A). Wages of the labour
B). Charges for electricity
C). Interest on owned money capital
D). Payment for raw material
Interest on owned money capital
Interest on owned money capital is an implicit cost of production. The costs in which there is no cash outlay, is known as Implicit Cost.
1. Which among the following is an example of micro-economic variable?
2. What is the name of portal launched by RBI recently to check illegal money collection?
4. Which of the following is not true about 'vote-on-account'
9. Question 15:Can there be some fixed cost in the long run? If not, why?